I watched Billy’s vlog from yesterday where he discussed his insurance woes on the convent. First, I had to get over the way he said “everythink” throughout the vlog.
![Face with rolling eyes :rolling_eyes: 🙄](https://cdn.jsdelivr.net/gh/joypixels/emoji-assets@5.0/png/64/1f644.png)
once I got over that…
![Grinning squinting face :laughing: 😆](https://cdn.jsdelivr.net/gh/joypixels/emoji-assets@5.0/png/64/1f606.png)
In the US, if a bank lends you money (a mortgage) to buy a structure, the bank requires insurance on the property. If the property isn’t insurable, the bank won’t lend you the money to buy it. Billy said he had an extremely hard time getting the convent insured. So, either the laws or rules are different in France, or he paid for the convent “in full” and didn’t need to borrow money to buy it. I recall he said they spent $500K to buy the convent. If they paid that total in full, with no borrowing, they could have easily funded the gardeners cottage restoration. Michael’s gofundme account claimed that Gwen and Billy didn’t have the money to spend in the cottage. My guess is that was totally untrue. They just didn’t want to spend money on Michael’s folly.